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Consolidated Statements of Income (Unaudited) - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2023
Mar. 31, 2022
Interest income    
Loans $ 163,524 $ 98,692
Securities    
Taxable 13,253 8,934
Tax-exempt 1,838 1,901
Other 5,430 664
Total interest income 184,045 110,191
Interest expense    
Deposits 32,866 5,637
Borrowings 15,404 4,925
Total interest expense 48,270 10,562
Net interest income 135,775 99,629
Provision for credit losses on loans 7,960 1,500
Net interest income after provision for credit losses 127,815 98,129
Noninterest income    
Service charges on deposit accounts 9,120 9,562
Fees and commissions 4,676 3,982
Insurance commissions 2,446 2,554
Wealth management revenue 5,140 5,924
Mortgage banking income 8,517 9,633
BOLI income 3,003 2,153
Other 4,391 3,650
Total noninterest income 37,293 37,458
Noninterest expense    
Salaries and employee benefits 69,832 62,239
Data processing 3,633 4,263
Net occupancy and equipment 11,405 11,276
Other real estate owned 30 (241)
Professional fees 3,467 3,151
Advertising and public relations 4,686 4,059
Intangible amortization 1,426 1,366
Communications 1,980 2,027
Merger and conversion related expenses 0 687
Restructuring charges 0 (455)
Other 11,249 5,733
Total noninterest expense 107,708 94,105
Income (loss) before income taxes 57,400 41,482
Income taxes 11,322 7,935
Net income (loss) $ 46,078 $ 33,547
Basic earnings per share (usd per share) $ 0.82 $ 0.60
Diluted earnings per share (usd per share) 0.82 0.60
Cash dividends per common share (usd per share) $ 0.22 $ 0.22